Dragon King Group (08493) terminates acquisition of 55% equity and sales loan of Focus Aim Investments Limited

Zhitong Finance App News, Dragon King Group (08493) issued an announcement regarding the proposed acquisition of 55% of Focus Aim Investments Limited's total issued share capital and sales loans. The Board of Directors hereby announces that after careful consideration and negotiation between the buyer Zilong International Group Co., Ltd. (a wholly-owned subsidiary of the company) and the seller Townfield Limited on the future direction of the Group's business development, the buyer has decided and the seller has accepted the buyer's decision not to proceed with the acquisition at this stage. On December 22, 2025, the buyer and seller entered into a termination agreement. According to this, the buyer and seller agreed to terminate the sales agreement from the date of termination of the agreement. According to the terms of the termination agreement, the buyer was required to reimburse the seller in the amount of HK$20,000 for expenses incurred by the seller as a result of entering into the sales agreement.

After the termination of the sales agreement, the sale agreement will have no further effect, except for any violation of the terms of the sales agreement that occurred before the termination. No party may file any claim against the other party other than the amount of compensation. The Board believes that terminating the acquisition will not have any significant adverse impact on the Group's business, operations or financial position.